Hello everyone! Alex, Sarah, and I decided to create this collection of financial literacy documents as we noticed a lack of resources for this strand in mathematics. With many curricula around the world implementing financial literacy concepts, we thought it might be useful not just for Ontario, but for many jurisdictions around the world. 

There are 4 documents in the Simple Interest collection; Introduction, Equation Generator, Mental Calculations, and Reflection. The Introduction is designed for intermediate and advanced level students as it introduces students to the concept of interest and how to calculate it. Students get to fill in the table by filling in the calculations on the right. This provides enough scaffolding so students of various grades can participate in this activity. 

The Equation Generator document uses sliders to help students investigate linear equations in the form of y=mx+b. It also relates the simple interest equation (I=Prt) to the linear equation by asking students to compare interest rates. The idea behind this document is to bridge concepts outlined in the 2021 grade 9 destreamed math curriculum; in particular, the financial literacy, and linear relations strands. The document provides some reflection questions for students to think about the relationship between the variables. 

The third document in the collection is the mental calculations document which presents a series of questions in increasing difficulty designed to help students compare interest rates. Students are intended to choose which scenario they think is more appropriate without using a calculator. There are hints provided on the right side if students wish for a hint, as well as explanations further to the right of the hints and answers below the main questions. Through our analysis of the curricula around the world, we noticed that many jurisdictions focus on mental math as a skill that their students should develop. Students may not always have access to a calculator and it is important for them to know how to make financially sound decisions or analyze advertisements that they may see around their neighbourhood. 

Lastly, the last document is the reflection page where students are able to analyze their findings. In particular, “interest” may carry a negative connotation for students such that we want them to think of the potential benefits of interest as well. The reflection questions are designed to help students consolidate their learnings and can be further expanded on by the teacher. Such possibilities can include scenario-based questions. 

May you find these documents helpful!